The Bank of England has reappointed Victoria Cleland as chief cashier – the name which features on UK bank notes.
Cleland was previously the first woman to be appointed to this role, which she held between 2014 and 2018. She is replacing Sarah John, who has been promoted to chief operating officer.
Cleland will combine the role with her position as executive director of payments. The job involves ensuring banknotes have the latest anti-counterfeiting technology to clamp down on fake cash.
A chief cashier is also responsible for ensuring there are enough banknotes in circulation. The first person to do the job was John Kendrick, in 1694, the year the Bank was founded. The cashier’s signature was handwritten on each bank note one by one until 1855.
Bank of England Governor Andrew Bailey – chief cashier from 2004 to 2011 – said: ‘The new roles for Sarah and Victoria are reflective of their impressive leadership qualities, commitment to delivery and capabilities.’
Departing chief operating officer Ben Stimson is to be the chief executive o f Southern Co-op.
Noted: Victoria Cleland has ben reappointed as the Bank of England’s chief cashier a role she previously held between 2014 and 2018
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